Close Menu
I Really Like This Car
  • Automobile
  • Automotive
  • Design
  • Self Driving
  • Luxury
  • Supercar
  • EV
  • Motorcycle
  • Exclusives

Subscribe to Updates

Get the latest creative Articles from I Really Like this Car about Automotives & Supercars.

What's Hot

This Was The Last Carbureted Engine Sold Latest In America

June 22, 2025

Why Ford thinks its Ranger PHEV doesn’t need a much bigger battery than Shark 6, Cannon Alpha

June 21, 2025

7 Essential Accessories for Skilled Automotive Hauling : Automotive Addicts

June 21, 2025
Facebook X (Twitter) Instagram
I Really Like This Car
HOME Login
  • Automobile

    This Was The Last Carbureted Engine Sold Latest In America

    June 22, 2025

    Why Ford thinks its Ranger PHEV doesn’t need a much bigger battery than Shark 6, Cannon Alpha

    June 21, 2025

    TNB recent electricity tariff calculation from July 2025

    June 21, 2025

    NYC Mayoral Candidate Zohran Mamdani Receives Automotive Bomb Death Threat Despite Not Owning A Automotive

    June 20, 2025

    2025 GWM Tank 500 Vanta prices: Chrome-heavy large SUV gets stripped of its bling

    June 20, 2025
  • Automotive

    7 Essential Accessories for Skilled Automotive Hauling : Automotive Addicts

    June 21, 2025

    Stop-drive order issued for Citroën C3, DS 3 models over airbag risk

    June 21, 2025

    EV Prices: Up for Used, Down for Recent in May – Green Fleet

    June 20, 2025

    Holden Group launches latest Renault, Dacia dealership in King’s Lynn

    June 19, 2025

    The Double-Edged Sword of AI in Fleet Operations – FleetTakes

    June 19, 2025
  • Design

    Designing body kits and accessories

    April 11, 2025

    Designing for a startup automotive company

    February 18, 2025

    Our recent drive luggage website driveluggage.com shall be up and running in April.

    January 15, 2025

    Enhance your drive experience with bespoke automotive luggage |

    December 18, 2024

    Designing for an iconic marque

    December 11, 2024
  • Self Driving
  • Luxury
  • Supercar
  • EV
  • Motorcycle
  • Exclusives
I Really Like This Car
Home»Automotive»Lithia adds an additional £117 million to its Pendragon acquisition offer
Automotive

Lithia adds an additional £117 million to its Pendragon acquisition offer

adminBy adminOctober 2, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Share
Facebook Twitter LinkedIn Pinterest Email

America’s Lilthia Motors has increased its acquisition offer for Pendragon by 42%, one other £117 million, taking the quantity being offered for all its Stratstone, Evans Halshaw, Carstore and PVM motor businesses as much as £397 million.

Its revised bid comes after its original takeover offer attracted the eye of Sytner’s parent Penske Automotive Group and Hedin Mobility Group together, plus Auto Nation within the USA, who’ve each submitted their very own propsals.

Lithia was already the bidder favoured by Pendragon’s board. It will entail the Pinewood software division remaining as a listed company, with a £30m investment from Lithia, while all Pendragon’s motor retailing business would move to affix Jardine Motors Group, which Lithia acquired earlier this 12 months.

Lithia’s revised proposal provides shareholders with a complete value per odd share comprising: (i) expected 24.5 pence in money, to be received by means of a dividend; (ii) a retained c.83.3 per cent. ownership within the continuing Pendragon business (including Pinewood) valued initially at c.10.3 pence per share; and (iii) an indirect interest within the North American three way partnership valued initially at c.0.6 pence per odd share.

In aggregate, it is the equivalent of a 35.4p per share offer, and thereby outbidding the Penske/Hedin 32p per share bid.

Pendragon’s statement today said: “The board of directors of Pendragon continues to think about the revised transaction to be in the very best interests of the shareholders as an entire and recommends that shareholders vote in favour of the resolutions.”

This Article First Appeared At www.am-online.com

acquisition adds extra Lithia million offer Pendragon
Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleTriumph Tiger 900 GT Aragon Edition tiba di Malaysia
Next Article Electric VW Golf, Highlander Hybrid Nightshade, EV charging oases: Today’s Automobile News
webmaster
admin
  • Website

Related Posts

7 Essential Accessories for Skilled Automotive Hauling : Automotive Addicts

June 21, 2025

Stop-drive order issued for Citroën C3, DS 3 models over airbag risk

June 21, 2025

EV Prices: Up for Used, Down for Recent in May – Green Fleet

June 20, 2025

Holden Group launches latest Renault, Dacia dealership in King’s Lynn

June 19, 2025
Leave A Reply Cancel Reply

Demo
Interesting Picks

$25,000 Jeep EV, Jeep Wagoneer 4xe, US-made Hyundai and Kia EVs: Today’s Automobile News

June 4, 2024

2025 GMC Yukon AT4 teased, will likely follow 2025 Suburban template

April 12, 2024

Pushing Protons To The Limit

July 1, 2024

Emissions regime overhaul means PHEV company automotive drivers could face tax hike

January 6, 2025
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Automobile

This Was The Last Carbureted Engine Sold Latest In America

By staff@jalopnik.com (Richard Sachek)June 22, 20250

Ah yes, the carburetor. A humble device that mechanically mixes fuel and air, which gets…

Why Ford thinks its Ranger PHEV doesn’t need a much bigger battery than Shark 6, Cannon Alpha

June 21, 2025

7 Essential Accessories for Skilled Automotive Hauling : Automotive Addicts

June 21, 2025

TNB recent electricity tariff calculation from July 2025

June 21, 2025
About Us
About Us

At ireallylikethiscar.com, we are passionate about all things automotive. Whether you're a fan of supercars, electric vehicles, or simply have a deep appreciation for the beauty and engineering of automobiles, you've come to the right place.

Interesting Articles

Quality Job None – Ford Has Had More Vehicles Recalled In 2024 Than GM, Honda, VW, Nissan , BMW And Toyota COMBINED

July 19, 2024

Take a video tour of Ferrari’s spotless recent ‘e-building’ factory

June 23, 2024

RON97 petrol price May 2024 week three update – premium fuel price unchanged; still RM3.47 per litre

May 15, 2024
New Comments
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer
    © 2025 I really Like This Car. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.

    We are using cookies to give you the best experience on our website.

    You can find out more about which cookies we are using or switch them off in .

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?
    I Really Like This Car
    Powered by  GDPR Cookie Compliance
    Privacy Overview

    This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

    Strictly Necessary Cookies

    Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

    If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.